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Stocks INTU DCF valuation

DCF valuation

What is Intuit Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Intuit Inc.'s reported free cash flow gives $1,022.58 per share. The share price was $275.79 on September 25, 2026, 73% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$8.66B
Average free cash flow, last 5 years
$5.61B
Cash
$4.71B
balance sheet of July 31, 2026
Debt
$7.67B
balance sheet of July 31, 2026
Diluted shares, fiscal 2026
277,000,000
Revenue growth per year, last 5 years
17.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$617.12+124%
Base15.0%9.0%2.5%9.0%$1,022.58+271%
Bull20.0%11.5%3.0%8.0%$1,777.57+545%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$1,329.56$1,425.28$1,542.27$1,688.51$1,876.52
8.0%$1,098.96$1,161.03$1,234.39$1,322.42$1,430.01
9.0%$931.17$973.61$1,022.58$1,079.71$1,147.23
10.0%$803.95$834.13$868.33$907.43$952.53
11.0%$704.40$726.52$751.25$779.07$810.60

Where the presets come from

Base: years 1 to 5 grow at Intuit Inc.'s revenue growth rate over the last 5 fiscal years (17.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Intuit Inc. company page